Central Bankers Cut Euro Reserve Holdings to 12-Year Low

Pound volatility rallies to 2011 high as election outweighs growth
European stocks pare decline as banks, commodity shares advance
Dollar slips lower against yen, euro after yesterday’s gains
Aussie jumps on HSBC China PMI, regional data and survey results

Categories: currency market.


Dollar on track for best quarter since 2008.

• Pound falls despite better than expected GfK data
• Euro falls on jitters over Greece debt deal
• Dollar edges higher on monetary policy outlook
• Aussie dollar falls to near two-week low

Categories: Market Commentary.


Fundamentals Out – Semantics In.

• Pound improves slightly.
• Greek Farce continues.
• Janet’s Riddles send dollar higher.
• Oil falls again.

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Categories: commodities.


Dollar strengthens overnight!

• U.K. retail sales rise more than forecast as prices fall
• EUR/USD falls sharply amid strong U.S. data, forecasts for parity
• Dollar gains second day as Europe stocks climb; Oil drops
• Yen rebounds on upbeat jobs data, CPI, retail sales disappoint

Categories: commodities.


U.S. Economic Data Weakens Dollar

Sterling makes back ground over U.S. dollar
Euro breaks $1.10 handle vs greenback on strong German GfK data
Dollar slides on weak US durable goods orders
Oil soars 6% on Yemen bombing as WTI breaks $52

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Categories: Market Commentary.


Dollar Steadies But Questions Abound.

• No love for the pound.
• All eyes on Germany
• Traders ponder whether the dollar is overbought.
• US Stocks fall for second day.

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Categories: commodities.


Sterling shows weakness ahead of PMI and inflation data.

• Pound outlook dominated by inflation, BoE chit-chat
• Euro down against dollar after staging rally
• Dollar edges higher on Fed official’s comments
• Rand rides on euro gains versus dollar

Categories: Market Commentary.


A Moment of Clarity for Dollar Bulls?

• Pound gets a slight reprieve.
• Merkel & Tsipras meeting is now the focus.
• Traders realise that a June rate rise was mere fantasy.
• Saudi Arabia keeps the spigots open – oil continues to fall.

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Categories: commodities.


Dollar Takes a Breath.

• Pound spluttering.
• An interval in the Greek tragedy.
• Dollar bull run continues but some see a correction coming.
• Oil falls again on higher inventories.

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Categories: commodities.


Fed Puts Interest Rate Hikes in Play

Huge swings in cable as GBP/USD moves three cents overnight
Euro/dollar volatility after Fed statement
Dollar sold off after Fed removes key word ‘patient’ from statement
Kiwi $ rallies – data shows economy expands as fastest pace since 2007

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Categories: Market Commentary.